AQR Capital Management, which oversees a $40 billion portfolio, has reversed its investment strategy in Q3 by increasing its stake in Tesla by 327% while reducing its position in Texas Instruments by 10%. Texas Instruments demonstrated strong performance with 14% revenue growth and 23% operating profit growth year-over-year, reflecting the resilience of the semiconductor sector. As major tech stocks experience volatility, semiconductor companies are increasingly viewed as promising investment opportunities, with Taiwan Semiconductor also posting impressive 36% revenue growth.
“Cliff Asness · is the founder of · AQR Capital Management · true”
“AQR Capital Management · has a 13F equity portfolio of · over $40 billion · true”
“The tech sector · accounted for · 28% of the S&P 500 index · as of April 2022”
“Tech stocks · account for · 7 of AQR Capital Management's top 10 positions · true”
“Texas Instruments Incorporated (NASDAQ:TXN) · has a stake value of · $200,116,000 · as of 9/30”
“AQR Capital Management · cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by · 10% · true”
“Texas Instruments Incorporated (NASDAQ:TXN) · rose by · 1% during the quarter · true”
“Texas Instruments Incorporated (NASDAQ:TXN) · reported revenue growth of · 14% year-over-year · true”
“Texas Instruments Incorporated (NASDAQ:TXN) · reported operating profit growth of · 23% · true”
“Arrow Electronics, Inc. (NYSE:ARW) · has a stake value of · over $207 million · as of 9/30”
“Cisco Systems, Inc. (NASDAQ:CSCO) · has a stake value of · over $335 million · as of 9/30”
“Meta Platforms, Inc. (NASDAQ:META) · has a stake value of · over $356 million · as of 9/30”
